Sensex vs. Dow
Emerging equity is an active asset class. Money flows in and out of them actively. No wonder intermarket analysis between Sensex and Dow assumes an important role.
This week we are looking at Sensex, Dow and their intermarket relationship. Sensex is testing its previous low. The more prices test their previous supports successively, the more likely to break. Even if look at the current formation as an Elliott C wave and not a 3 wave down (Fig. 3), next immediate supports lie at 18,000. Weekly momentum and negative Rieki performance cycle (Fig. 1) confirm our negative case.
What happens from Sensex 18,000 is the tricky part. Whether that’s all the correction we will have on India? Or is there more to come? …
This article is written for ATMA
Time Triads, Time Fractals, Time Arbitrage, Performance Cycles are terms coined by Orpheus Research. Time Triads is our weekly market letter. The report covers various aspects on TIME patterns, TIME forecast, alternative research, emerging markets, behavioral finance, market fractals, econohistory, econostatistics, time cyclicality, investment psychology, socioeconomics, pop cultural trends, macro economics, interest rates, derivatives, money management, Intermarket trends etc.